We work with Tatjana and her team for more than 5 years. All these time we were getting invaluable advices and support that saved us a lot of money.
Anthony (Global Tronic SIA)
We rely on Business Latvia in general accounting and payroll support. Management reporting for Head Office and local office helps to manage company better.
Ingrida (Termopalas LV)
We are truly satisfied with the help Business Latvia Accounting and Legal team did for us, when we launched the business in Latvia.
John Payne (TCI Group)
5 THINGS WE KNOW TO BE TRUE
#1 Good accounting support brings more value than price you pay
Many entrepreneurs perceive accounting company services as necessary evil. Usually, they focus only on the lowest price and do not even try to use accounting expertise for their business development. Good accountant will not only make all necessary reporting requirements, but also will present information in clear and understandable way, about company positions, future perspectives and risks. He will catch and indicate areas where decisions are necessary and will provide client with possible solutions. Such approach is really working and help clients to earn more.
#2 Small business needs universal help
Big businesses have their own teams of accountants, lawyers and are able to turn to the best tax advisors and other professionals for help. Small business owners are limited with available funds and contacts. We do believe that accounting firms should resolve most of accounting, legal and tax issues for small business. If it is not the case, what is the point to have accounting firm, you can hire individual accountant or even accounting student.
#3 Business manager should understand accounting basics
Accountant will process the documents, prepare and submit reports. He will also provide information about company overall financial position and indicates the areas where business decisions to be made. However, business manager should make final word and take responsibility. However, this is not possible if business manager does not understand the basics. We strongly believe that accountant by no way should be the one who makes decisions on behalf of business manager. If this is the case, there is no future in this business.
#4 Payment of taxes can bring satisfaction
Payment of taxes is a norm in current world; all discussions about how these taxes are later used by government are speculations and cannot justify not payment of taxes. However, business managers are free to select optimal taxation regime for the start of their business and change it to a more favorable, once it is beneficial to them. All these, require proper analysis, planning and monitoring of legislation changes, however, doing so, you make sure there is no overpayment of taxes and total amount is fair.
#5 One can negotiate with State Revenue Service
We have a tax audit in one of our clients at least once per quarter, so we accumulated great experience in working with our State Revenue Service. During all these work, we noticed that many issues could be avoided, if you approach State Revenue Service in a professional way. Sometimes politeness, history of kept promises, availability and answering of all the questions in a сconfident way can save you more money than hiding and recruitment of best lawyers to defend you interests. Everybody should do their job properly, so helping SRS to address their concerns will open you road to easier find compromise on questions that are important for you.
5 THINGS WE KNOW TO BE TRUE
#1 Good accounting support brings more value than price you pay
Many entrepreneurs perceive accounting company services as necessary evil. Usually, they focus only on the lowest price and do not even try to use accounting expertise for their business development. Good accountant will not only make all necessary reporting requirements, but also will present information in clear and understandable way, about company positions, future perspectives and risks. He will catch and indicate areas where decisions are necessary and will provide client with possible solutions. Such approach is really working and help clients to earn more.
#2 Small business needs universal help
Big businesses have their own teams of accountants, lawyers and are able to turn to the best tax advisors and other professionals for help. Small business owners are limited with available funds and contacts. We do believe that accounting firms should resolve most of accounting, legal and tax issues for small business. If it is not the case, what is the point to have accounting firm, you can hire individual accountant or even accounting student.
#3 Business manager should understand accounting basics
Accountant will process the documents, prepare and submit reports. He will also provide information about company overall financial position and indicates the areas where business decisions to be made. However, business manager should make final word and take responsibility. However, this is not possible if business manager does not understand the basics. We strongly believe that accountant by no way should be the one who makes decisions on behalf of business manager. If this is the case, there is no future in this business.
#4 Payment of taxes can bring satisfaction
Payment of taxes is a norm in current world; all discussions about how these taxes are later used by government are speculations and cannot justify not payment of taxes. However, business managers are free to select optimal taxation regime for the start of their business and change it to a more favorable, once it is beneficial to them. All these, require proper analysis, planning and monitoring of legislation changes, however, doing so, you make sure there is no overpayment of taxes and total amount is fair.
#5 One can negotiate with State Revenue Service
We have a tax audit in one of our clients at least once per quarter, so we accumulated great experience in working with our State Revenue Service. During all these work, we noticed that many issues could be avoided, if you approach State Revenue Service in a professional way. Sometimes politeness, history of kept promises, availability and answering of all the questions in a сconfident way can save you more money than hiding and recruitment of best lawyers to defend you interests. Everybody should do their job properly, so helping SRS to address their concerns will open you road to easier find compromise on questions that are important for you.
